Morning-Outlook-13septNIFTY:

The Index opened at 17312.85 with a gap down of 41 points. The index first rallied more than 50 points and then fell the same and recorded its intraday low at 17302.70. Prices have rallied again but this time with strong momentum and fill the down gap. The index recorded its intraday high at 17379.65 and closed at 17369.25 with a gain of 15.75 points. Media outperformed and closed with a gain of almost 3% while Metal and FMCG sectors rose about 1% each. The realty sector fell nearly 1%. The Nifty traded very volatile and ended almost flat. The intraday range was very narrow and the index recorded a pattern of NR7. This week was itself very narrow. Prices moved in  a range of just 182 points.

Coming week may give an opportunity for an expansion phase.

Traders should look to buy the index on a dip towards 17100 or should buy above 17500.

Keep a stop of 110 points and a target of 220 points.

BANK NIFTY:

Bank Nifty opened at 36725.50 with a gap down of 125 points. The index first moved up, filled the gap down and then recorded its intraday high at 36857.20. The index spent the second half moving sideways.

PSU Banks have seen an outperformance and closed with a gain of 0.27%. Private Banks have underperformed and ended with a loss of 0.23%. Within the index, SBIN contributed highest while HDFC Bank the lowest.

This week was very narrow and we can expect a large range day is coming.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
ZEEL 183 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 179 and for the target 189
NATIONAL ALUM 97.95 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 95 and for the target 103

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SAIL 125 CE BUY 6 CMP 5 8 OI increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTYW.21.09 Sep 18150.05 0.28 500 240 SBILIFE.21.09 Sep 1172 -3.92 87.18 12330000
OFSS.21.09 Sep 4815 1.69 26.66 453750 CANFINHOME.21.09 Sep 627.55 -2.26 18.52 3700125
NAM-INDIA.21.09 Sep 439 0.37 22.99 4896000 APOLLOHOSP.21.09 Sep 4736.9 -1.95 10.39 2547250
IEX.21.09 Sep 599.55 1.14 20.94 8337500 HDFCAMC.21.09 Sep 3255.55 -0.94 9.59 1487200
INDHOTEL.21.09 Sep 151.75 2.81 14.04 10896600 GUJGASLTD.21.09 Sep 680.4 -1.64 9.52 3595000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
IRCTC.21.09 Sep 3297 0.11 -14.07 1833975 GODREJCP.21.09 Sep 1109.35 -0.25 -2.79 5329000
COLPAL.21.09 Sep 1738.5 1.51 -4.07 2716000 NAUKRI.21.09 Sep 6677.15 -0.86 -2.62 1129000
PVR.21.09 Sep 1384.35 1.87 -1.49 2398044 PFIZER.21.09 Sep 6105 -0.12 -1.82 249000
RAMCOCEM.21.09 Sep 1060.05 1.09 -1.48 1752700 POLYCAB.21.09 Sep 2405 -0.34 -1.64 558300
NATIONALUM.21.09 Sep 96.4 1.05 -1.46 100096000 AARTIIND.21.09 Sep 908 -0.38 -1.46 3842000

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Tata Consultancy Serv Lt 3791.4 0.46 1441148 3355232 80.9 Nifty Media 1701.45 2.97 118569
Colgate Palmolive (india 1735.5 1.74 589555 379491 66.45 Nifty Metal 5765.15 0.78 118569
Power Grid Corporation o 173.5 0.38 3808763 12597542 66.21 Nifty Fmcg 40577.95 0.78 118569
Bajaj Auto Limited 3700.6 -0.66 479537 253183 63.82 Nifty Energy 21148.35 0.68 118569
Page Industries Limited 32096 0.61 18152 27490 63.09 Nifty it 34802.3 0.36 118569
Kotak Mahindra Bank Limi 1817.85 0.14 3642925 9533386 62.52 Nifty Auto 10112.6 0.12 118569
Infosys Limited 1691.6 -0.1 3331674 2785831 60.76 Nifty 50 17369.25 0.09 118569
Tech Mahindra Limited 1433.25 0.38 2303457 1354666 60.04 Nifty Pharma 14329.85 -0.14 118569
Hdfc Bank Ltd. 1568.6 -0.49 4125474 2005117 59.64 Nifty Bank 36683.2 -0.23 118569
Motherson Sumi Sys Ltd. 212.65 0.76 3574361 4764494 59.14 Nifty Realty 417.6 -0.74 118569

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: CPI Inflation (YoY) (Aug) on 13th September, 2021

INR: WPI Inflation (YoY) (Aug) on 14th September, 2021

•USD: Core CPI (MoM) (Aug) on 14th September, 2021

•USD: Crude Oil Inventories on 15th September, 2021

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News Updates

•The Reliance Industries Ltd. has said that the widely anticipated launch of JioPhone Next, which is co-developed with Google, will be delayed till at least November amid a global shortage of chipsets. “Both companies have begun testing JioPhone Next with a limited set of users for further refinement and are actively working to make it available more widely in time for the Diwali festive season,” RIL”s arm Jio Platforms said in a media statement. “This additional time will also help mitigate the current industry-wide, global semiconductor shortages.” The budget smartphone was scheduled to launch on Sept. 10.

•Global ratings agency, S & P Global has revised Bharti Airtel’s outlook to “stable” from “negative,” citing the Sunil Mittal-led telco’s improved operating fundamentals and superior leverage management. “The stable outlook reflects our view that Airtel will actively manage its leverage such that its ratio of funds from operations (FFO) to debt will stay well above 20% on a sustained basis, while maintaining its competitive position,” S&P Global said in a media statement Thursday.

•ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48 per cent after the merger of Bharti AXA with the insurer. ICICI Lombard General Insurance Company (ICICI Lombard) had on September 8, 2021, allotted equity shares of the company to the eligible shareholders of Bharti AXA General Insurance Company (Bharti AXA), as per the scheme of arrangement between the two insurers. The scheme of arrangement between Bharti AXA and ICICI Lombard came into effect on September 8, 2021.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMTEKAUTO Audited Results 13-Sep-21 INDOGLOBAL Audited Results 14-Sep-21
ASRL General 13-Sep-21 SCAPDVR Preferential Issue of shares 14-Sep-21
EASTRED General 13-Sep-21 STAMPEDE Preferential Issue of shares 14-Sep-21
GOLDIAM Buy Back of Shares 13-Sep-21 TTFL Increase in Authorised Capital;General 14-Sep-21
KITEX General 13-Sep-21 ARSSINFRA Quarterly Results 15-Sep-21
KOHINOOR General 13-Sep-21 BLSINFOTE General 15-Sep-21
RNBDENIMS Stock  Split 13-Sep-21 BUDGE BUDGE Voluntary Delisting of Shares 15-Sep-21
RPPINFRA Right Issue of Equity Shares 13-Sep-21 CRAFTSMAN General 15-Sep-21
SHUBHAM Quarterly Results 13-Sep-21 GAMMONIND Quarterly Results 15-Sep-21
SUPRAP Preferential Issue of shares 13-Sep-21 NEWINFRA Quarterly Results 15-Sep-21
TAAZAINT General 13-Sep-21 OPTOCIRCUI Quarterly Results 15-Sep-21
GPIL Bonus issue;Stock  Split;General 14-Sep-21 SUPREMEINF Quarterly Results;Audited Results 15-Sep-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVAIT 13-Sep-21 Final Dividend – Rs. – 1.00 MANAKSIA 13-Sep-21 Final Dividend – Rs. – 3.00
BHARATSE 13-Sep-21 Final Dividend – Rs. – 0.50 MISHTANN 13-Sep-21 Final Dividend – Rs. – 0.0010
BLISSGVS 13-Sep-21 Final Dividend – Rs. – 0.50 MPHASIS 13-Sep-21 Final Dividend – Rs. – 38.00
CHANDRAP 13-Sep-21 Final Dividend – Rs. – 1.00 MPHASIS 13-Sep-21 Special Dividend – Rs. – 27.00
DALMIASUG 13-Sep-21 Dividend – Rs. – 3.00 MULTIBASE 13-Sep-21 Final Dividend – Rs. – 2.00
DONEAR 13-Sep-21 Final Dividend – Rs. – 0.20 SAURASHCEM 13-Sep-21 Final Dividend – Rs. – 0.7500
FIEMIND 13-Sep-21 Final Dividend – Rs. – 16.00 SHAWGELTIN 13-Sep-21 Final Dividend – Rs. – 10.00
HONDAPOWER 13-Sep-21 Dividend – Rs. – 10.00 STERTOOLS 13-Sep-21 Dividend – Rs. – 1.00
JKIL 13-Sep-21 Dividend – Rs. – 1.00 TIPSINDLTD 13-Sep-21 Final Dividend – Rs. – 2.00
JTLINFRA 13-Sep-21 Dividend – Rs. – 2.00 APEX 14-Sep-21 Final Dividend – Rs. – 2.00

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